Given not only the size of the forex market but also the volume of trades executed daily, it’s no wonder that global traders seek high-quality platforms like MetaTrader 4 (MT4) for trading. The market is so active that trillions of dollars worth of transactions are processed every day.
In fact, according to Reuters, currency trading reached a staggering $7.5 trillion a day back in 2022. But it goes without saying that trading forex can be hard. It’s arguably one of the busiest marketplaces in the world to navigate.
Trading sessions are volatile resulting in price fluctuations occuring in just seconds or minutes. And an expert understanding of the factors that drive currency values is vital for achieving any level of success.
Being able to manage these challenges requires a trading platform with advanced trading related tools and features. One that can simplify trade executions, and also help you to make informed decisions based on solid research and analysis.
One such platform is MetaTrader 4 (MT4), developed by MetaQuotes Software Corporation in 2005. For almost 20 years, MT4 has catered to the needs of millions of traders in countries across the globe. The platform has become synonymous with innovation and comprises integral components that ensure a top-tier forex trading experience.
MetaTrader 4 is the preferred choice for many reasons. The platform has been designed to accommodate all skill levels, making it the most popular option for both new and professional traders. It also accommodates almost all types of trading strategies, from the easiest to the most complicated, creating ample opportunities for straightforward, flexible trading.
The platform’s key “selling” points however are:
Advanced technical analysis
This includes 30 built-in technical indicators, 2k+ free custom indicators, 700 paid ones. As well as 24 analytical objects like lines, channels, shapes, arrows, and the Gann and Fibonacci tools. These tools enable traders to speculate on prices, forecast price direction, identify trends, etc.
Smart charting capabilities
Traders can open an unlimited number of customizable charts, allowing for the addition of various graphical objects and indicators. Symbols can also be displayed in 9 timeframes, ranging from one minute to one month. This enables a more detailed view of quotes and facilitates the combination of graphical objects and technical indicators across different periods of a single symbol.
A flexible trading system
The MetaTrader 4 can be tailored to the requirements of every trader to ensure a personalised trading experience. It also has a user-friendly interface that is easy to navigate, with easily accessible functionalities.
Automated or algorithmic trading and Expert Advisors
Traders can develop, test and apply any complexity of Expert Advisors (EAs). Also known as trading robots, using MQL scripting language, as well as technical indicators. EAs make use of trading signals to enter/exit and manage positions.
They earn renown for their high level of accuracy and the swift execution of a large volume of trades. While EAs serve a great purpose, like reducing the emotive component of trading. That may lead to adverse trading outcomes, they are not without risk. This makes having an effective risk trading plan in place key to safeguarding your money.
Mobile trading applications
MT4 mobile applications permit trading in financial markets through iOS and Android powered devices (tablets/smartphones). Functionality on the mobile versions is very similar to that on desktop. This includes access to interactive quote charts, full set of trading orders, and sought after analytical tools.
Additionally, a trader can also use the mobile app to monitor their account. Track trade history, execute trades in a single click, chat with other traders, and receive push notifications.
MT4 on PC
You can indeed download MetaTrader 4 on a PC, offering you arguably one of the most powerful platforms for market analysis and trading. MT4 is supported by both Windows and MacOS, enabling you to trade hundreds of instruments via CFDs, including forex, commodities, metals, indices, shares, and more, directly from your desktop.
Downloading MT4 for Windows or MacOS
To download MetaTrader 4 for Windows or MacOS, follow the steps hereunder:
Website:
Visit the T4Trade website and select Platforms. Click on MetaTrader 4. Then click on Windows or MacOS. Depending on your device, click on “Download MT4 for Windows” or “Download MT4 for MacOS”.
Client Portal:
MT4 can also be downloaded via your Client Portal. Simply click on Trading Platform on the left of your dashboard and choose the Windows or MacOS version.
Guides to downloading, installing and using MT4 for Windows or MacOS are also available on the T4Trade website.
Logging in to MT4
Once you’ve downloaded the MetaTrader 4 platform on your PC, you can log in with an existing account or open a new one. Select T4Trade as your broker, and then enter your real or demo account login credentials (username and password provided in your T4Trade welcome email). You’re now ready to kick off your trading journey.
Why become a T4Trade trader?
T4Trade is a popular global broker with an exceptional service and product offering. The T4Trade MT4 trading platform is an innovative tool that gives traders access to all of the most sought after MetaTrader 4 functionalities. Traders can also choose for more than 300 tradeable instruments across 6 asset classes likecurrency pairs, indices, futures, metals and commodities.
T4Trade also offers multiple account types for traders to choose from, based on expertise, budget, risk tolerance and goals. The broker also offers competitive spreads, flexible leverage, quick and easy withdrawals/deposits, and a dynamic multilingual customer support team to to provide 24/5 assistance.
Ongoing learning
Aside for its comprehensive offering, T4Trade also seeks to provide its traders with the knowledge required to execute informed trades in platforms like MT4. The broker offers insightful trading related resources for traders to equip themselves with as much information as they can to make sound financial decisions.
This includes blogs, videos, podcasts, webinars, and e-books. T4Trade Live TV also offers Monday to Friday commentary with daily analysis, trading tips, and market trends, by T4Trade’s expert team of research analysts and presentors. Additionally, the broker’s Economische kalender is another great tool for traders. It provides traders with critical, up-to-date global economic news and indicators at their fingertips.
Traders typically utilize the calendar to plan their trades and structure their transactions around the release of economic data and events anticipated to impact the market. It’s also utilized for adjusting portfolios and monitoring indicators and chart patterns that might be impacted by or result from these events.
Risicobeheer
Finallly, remember that reducing the risk of losing your money while trading requires the implementation of an effective risk management plan. This plan should align with what your goals are, your budget, your tolerance for risk, your level of expertise, and knowledge.
The plan should incorporate risk management tools like stop loss orders, take profit orders, trailing stops, etc. Other techniques that exist are position sizing, portfolio diversification, being cautious about quantity of leverage. Keep to your plan, to ensure you remain focused and disciplined.
As an extra precaution, integrate your risk management techniques into your overall trading plan for added security. You don’t want to lose all of your return on investment by trading blindly or making decisions based on human emotion. Instead, focus on your plan, and execute it as best you can, making changes if and when need.
Disclaimer: This material is for general informational and educational purposes only and should not be considered investment advice or an investment recommendation. T4Trade is not responsible for any data provided by third parties referenced or hyperlinked in this communication.
